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I got S&P signing tomorrow, just being cancelled by buyer's lawyer because "buyer not ready' my agent took 2% booking fees already and an agreement written on paper. when i called lawyer, explained, HL approved not include MRTA, thus rejected by customer. GOT MEH??? then im confused. can i sue buyer? its tomorrow man? and i flew from Kota Bharu to Wangsa Maju?? who's paying my loss???
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3 Answers

Stefanie Yii
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You mean, buyer cancelled the Purchase of the property or what? Your statement is not very clear. Read More
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David Wong Lai Kwong
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Afiza, It's not easy to advise you without reviewing your written agreement prepared by your property agent. If the purchase is not conditional upon a bank loan etc. and the earnest deposit is forfeitable based on a clear timeline to sign S&P, then your compensation will be the 2% earnest deposit collected by your agent. If the buyer is not ready to sign S&P yet and seeking another bank loan then you need a commitment from the buyer or the buyer's lawyer on the timeline to sign the S&P failing which you can exercise the forfeiture rights, if any. Please seek advise from your own lawyer who represent you in this S&PA.
David Wong
Principal
QUANTUM real estate Read More
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Venise Tan
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Hi, I'm Venise Tan from The Roof Realty. I'm here to propose myself to assist you to market your properties. Do u hv any properties want to sell/ rent. Appreciate your reply. Venise Tan 0122310822  Read More
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